博拉克

1945–1992

Borac was a member of the Yugoslav First Federal League since the 1952 season. Players that grew up in this club were Radmilo Mišović (top scorer player of first division in the seventies), Dragan Kićanović, Radivoj Živković, Željko Obradović, and many other players who have left a significant mark on the basketball area of European, Yugoslav and Serbian basketball. In the 1972–73 season, the club finished in fourth place in the Regular Season standings of the Yugoslav First Basketball League, which was considered a great success for club from small city in Yugoslavia back then. Also, in the following season, Borac participated in European FIBA Korać Cup. In the 1978–79 Yugoslav First Basketball League season, the club finished in fifth place and club's youth team won the national competition.

1992–2017

In the period of FR Yugoslavia, Borac was a regular participant of top-tier YUBA League. In 1992–93 season, the club made it to the semifinals of the Yugoslav Cup. Following the Montenegrin independence from state union, the club participated in the Basketball League of Serbia, top-tier national league competition and one below the regional ABA League. In the 2009–10 Basketball League of Serbia season, the club finished in first place of the regular season standings of the Basketball League of Serbia, but was eliminated later in the Super League, which consists of best ranked national league clubs and Serbian clubs that participated in the ABA League. In the 2015–16 Basketball League of Serbia and 2016–17 Basketball League of Serbia seasons, the club finished in second place of the regular season standings of the Basketball League of Serbia.

2017–present

Starting with the 2017–18 season, the club besides the national league played in the newly established regional ABA League Second Division, where they were first in regular season, but eventually eliminated in the Playoffs. In the 2017–18 Basketball League of Serbia, 2018–19 Basketball League of Serbia and 2019–20 Basketball League of Serbia season as well, the club was first in regular season standings of the Basketball League of Serbia. In 2019–20 season which was cut short due to COVID-19 pandemic, the club based on regular season standings of the 2019–20 ABA League Second Division, was promoted to the top-tier regional league.

Borac finished its debut appearance in the 2020–21 ABA League First Division in 11th place, with 8–18 record, led by head coach Marko Marinović. In the following season, Borac improved its overall record to 9–17, but was forced to play the relegation playoffs because of league regulations with the Serbian team, and the new champion of the ABA League Second Division – Zlatibor, which they won in best of three games format. In their third consecutive season of ABA League, Borac finished in 13th place after avoiding direct elimination with away win over favorite Budućnost. In the relegation playoffs, Borac prevailed over Helios Suns with 2–1 record. to stay in the league.